Analyst EPS Change, Downgrades, Hot Downgrades

Jefferies Downgrades Apple (AAPL) to Hold, Slashes Estimate/PT

FREE Breaking News Alerts from StreetInsider.com!

StreetInsider.com Top Tickers, 7/5/2026

1. KRG
2. SPY
3. ALAR
4. CCHGY
5. PRY:IM

6. PRYMY
7. SKA-B
8. PBA
9. CCH:LN
10. META

Get Alerts AAPL Hot Sheet

Price: $308.63 +4.84%

Rating Summary:
45 Buy, 29 Hold, 7 Sell

Rating Trend: = Flat

Today's Overall Ratings:
Up: 0 | Down: 0 | New: 2

Join SI Premium – FREE

Jefferies Peter Misek downgraded Apple (NASDAQ: AAPL) from Buy to Hold with a price target of $500.00 (from $800.00) following disappointing Q1 results after the close.

He cited: 1) slowdown in iPhone sales is real and material; 2) we believe margins are likely to continue to fall; 3) new guidance methodology implies less potential upside to the model.

Misek cut Q2 EPS from 12.50 to $10.04, FY13 from $56.04 to $44.11 and FY14 from $62.48 to $46.10.

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple are down 9 percent to $467 in pre-open trading.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

Create E-mail Alert Related Categories

Analyst EPS Change, Analyst EPS View, Analyst PT Change, Downgrades, Hot Downgrades

Related Entities

Jefferies & Co

Sign up for StreetInsider Free!

Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!